Can I retire at age 56 with 2,650,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$218,835$216,885$214,983$213,127$211,315$207,729
2 years$108,334$106,316$104,361$102,465$100,626$97,024
3 years$71,505$69,479$67,528$65,650$63,841$60,336
4 years$53,094$51,074$49,143$47,297$45,532$42,150
5 years$42,051$40,043$38,137$36,329$34,613$31,364
6 years$34,691$32,698$30,821$29,053$27,388$24,276
7 years$29,436$27,460$25,612$23,886$22,274$19,299
8 years$25,496$23,538$21,721$20,037$18,478$15,641
9 years$22,434$20,494$18,708$17,067$15,561$12,859
10 years$19,985$18,065$16,310$14,712$13,259$10,690
11 years$17,983$16,082$14,359$12,804$11,403$8,965
12 years$16,316$14,434$12,744$11,231$9,882$7,571
13 years$14,907$13,044$11,386$9,915$8,617$6,430
14 years$13,699$11,857$10,230$8,801$7,554$5,486
15 years$12,654$10,831$9,236$7,849$6,651$4,700
16 years$11,740$9,938$8,374$7,028$5,878$4,039
17 years$10,935$9,152$7,620$6,315$5,212$3,480
18 years$10,220$8,457$6,956$5,691$4,634$3,006
19 years$9,581$7,838$6,368$5,142$4,131$2,602
20 years$9,007$7,283$5,844$4,657$3,689$2,255
21 years$8,487$6,784$5,376$4,227$3,302$1,958
22 years$8,016$6,333$4,954$3,843$2,959$1,702
23 years$7,587$5,923$4,575$3,500$2,657$1,481
24 years$7,193$5,549$4,231$3,192$2,388$1,290
25 years$6,832$5,208$3,918$2,915$2,149$1,124
26 years$6,499$4,895$3,634$2,666$1,935$981
27 years$6,192$4,606$3,375$2,440$1,745$856
28 years$5,906$4,341$3,137$2,235$1,575$748
29 years$5,641$4,095$2,919$2,050$1,422$653
30 years$5,394$3,867$2,719$1,881$1,285$571
31 years$5,164$3,656$2,535$1,728$1,161$499
32 years$4,948$3,459$2,365$1,588$1,051$437
33 years$4,746$3,276$2,209$1,460$951$382
34 years$4,556$3,105$2,064$1,344$861$334
35 years$4,377$2,945$1,929$1,237$780$292
36 years$4,209$2,795$1,805$1,139$706$256
37 years$4,050$2,655$1,689$1,050$640$224
38 years$3,900$2,523$1,582$967$580$196
39 years$3,758$2,399$1,482$892$526$172
40 years$3,623$2,282$1,389$823$477$150
41 years$3,495$2,173$1,303$759$433$132
42 years$3,374$2,069$1,222$701$393$115
43 years$3,258$1,971$1,147$647$357$101
44 years$3,149$1,879$1,076$597$324$89
45 years$3,044$1,792$1,011$551$294$78
46 years$2,944$1,710$949$509$267$68
47 years$2,849$1,631$892$471$242$60
48 years$2,758$1,557$838$435$220$52
49 years$2,671$1,487$788$402$200$46
50 years$2,587$1,421$740$371$182$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 56 starting with $2,650,000, adding $6,347 every year, while hoping to spend $38,441 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/18/21 Blend
55$2,650,000$2,650,000$2,650,000$2,650,000
56$2,926,847$2,786,397$2,745,322$3,088,932
57$3,184,484$2,882,029$2,796,389$3,294,967
58$3,467,112$2,981,060$2,847,879$3,514,929
59$3,777,240$3,083,613$2,899,765$3,754,132
60$4,117,629$3,189,821$2,952,018$4,014,451
61$4,491,324$3,299,819$3,004,607$4,297,950
62$4,901,678$3,413,749$3,057,500$4,606,903
63$5,352,382$3,531,756$3,110,660$4,943,813
64$5,847,507$3,653,994$3,164,049$5,311,436
65$6,391,534$3,780,621$3,217,626$5,712,804
66$6,989,401$3,911,802$3,271,346$6,151,260
67$7,646,547$4,047,707$3,325,163$6,630,481
68$8,368,964$4,188,515$3,379,026$7,154,519
69$9,163,257$4,334,410$3,432,881$7,727,836
70$10,036,697$4,485,584$3,486,671$8,355,345
71$10,997,301$4,642,238$3,540,335$9,042,459
72$12,053,897$4,804,579$3,593,808$9,795,138
73$13,216,214$4,972,823$3,647,020$10,619,948
74$14,494,972$5,147,195$3,699,899$11,524,121
75$15,901,980$5,327,929$3,752,367$12,515,624
76$17,450,251$5,515,267$3,804,340$13,603,232
77$19,154,123$5,709,461$3,855,732$14,796,612
78$21,029,395$5,910,776$3,906,451$16,106,414
79$23,093,473$6,119,484$3,956,397$17,544,370
80$25,365,538$6,335,870$4,005,467$19,123,404
81$27,866,725$6,560,229$4,053,552$20,857,757
82$30,620,320$6,792,870$4,100,535$22,763,115
83$33,651,985$7,034,112$4,146,295$24,856,762
84$36,989,994$7,284,290$4,190,702$27,157,740
85$40,665,503$7,543,750$4,233,621$29,687,029
86$44,712,844$7,812,854$4,274,907$32,467,745
87$49,169,846$8,091,976$4,314,408$35,525,356
88$54,078,196$8,381,509$4,351,967$38,887,923
89$59,483,828$8,681,859$4,387,414$42,586,365
90$65,437,359$8,993,450$4,420,572$46,654,750
91$71,994,565$9,316,724$4,451,256$51,130,615
92$79,216,907$9,652,140$4,479,270$56,055,320
93$87,172,113$10,000,177$4,504,408$61,474,438
94$95,934,816$10,361,332$4,526,452$67,438,187
95$105,587,255$10,736,125$4,545,176$74,001,899
96$116,220,056$11,125,097$4,560,341$81,226,545
97$127,933,085$11,528,809$4,571,695$89,179,307
98$140,836,387$11,947,849$4,578,975$97,934,216
99$155,051,232$12,382,827$4,581,904$107,572,846
100$170,711,251$12,834,379$4,580,191$118,185,084